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Over 60 refinery licences inactive 18yrs after as fuel import thrives

Nigeria’s continued dependence on importation of petroleum products remains a concern despite awarding over 57 refinery licences in the last 18 years and an additional five recently. To many, the country appears to be comfortable with the practice despite the effect it has on the economy. ....

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Concerns as NUPRC moves to guarantee crude supply to local refineries

• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local […] ....

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